How do NFTs work?

NFTs give the ability to assign or claim ownership of unique pieces of digital data, like artworks, recordings, and virtual real estate or pets, trackable by using blockchains as a public ledger

What is the blockchain and public ledger?

blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a digital network. With the blockchain, there is an automatic public ledger, which facilitates the process of recording transactions and tracking assets.

When a buyer and a seller engage in a transaction, the blockchain verifies the authenticity of their accounts. This is done by using the public ledger. The public ledger is a way of keeping records of all of the confirmed transactions between participants in a network. This incluedes buying and selling items. Therefore, the blockchain can verify if the conditions are there to proceed with the transaction.

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